September 2020

Chinese alloy market, currency movements support UG2 prices

The UG2 chrome ore prices in China rose again on Tuesday September 23, with the steady downstream ferro-chrome market supporting market sentiment, sources told Fastmarkets.

GLOBAL CHROME SNAPSHOT: Sentiment improves for Chinese ore, alloy markets

An overview of the chrome ore and alloy markets and their latest price moves.

WEBINAR: China still consuming H1 ore, alloys imports but supply concerns developing – panel

China will be able to absorb the large volumes of ore and ferro-alloys supply it imported in the first half of this year, but supply concerns loom, Fastmarkets head of research Alistair Ramsay said during a recent Fastmarkets webinar on Covid-19 and what it means for trade flow and demand for key ferro-alloys and ores.

Positive sentiment supports UG2 chrome ore market

The market for UG2 chrome ore ticked up in the week to September 15 on strengthening sentiment amid low liquidity, while both the domestic and imported ferro-chrome markets remained stable, sources said.

GLOBAL CHROME SNAPSHOT: Higher Indian alloy offers support Japan, South Korea prices

An overview of the chrome ore and alloy markets and their latest price moves.

Bullish Indian ferro-chrome market continues to boost import prices in Japan, South Korea

Ferro-chrome prices in India have reached fresh highs amid tightening supply and booming demand, prompting further increases in import prices in Japan and South Korea, where demand remains tempered.

IN CASE YOU MISSED IT: 5 key stories from September 9

Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.

Yuan appreciation, strong steel sector support UG2 market

The strengthening of the yuan and the positive momentum in the stainless steel sector supported the UG2 and domestic Chinese chrome ore market over week to September 8, Fastmarkets heard.

GLOBAL CHROME SNAPSHOT: Strengthening demand supports China, Europe markets

An overview of the chrome ore and alloy markets and their latest price moves.

China’s chrome ore imports rebound in July, FeCr shipments down again

China’s imports of chrome ore rebounded in July from the month before amid easing supply tightness in countries of origin, while imports of ferro-chrome continued to decline, according to Chinese customs data.